Avax One Technology (AVX) has approved a reverse stock split of the company’s issued and outstanding common shares whereby every 12 shares of its outstanding common shares will automatically be combined into one common share. All fractional shares will be cashed out. The reverse split will be effective as of the commencement of trading on June 15 at the open of market. Post reverse split, this would equate to 7,694,615 shares. The reverse stock split is being implemented for the purpose of complying with the closing bid price requirement set forth in Nasdaq Listing Rule 5550(a).Introducing TipRanks MCP for Agents Deliver institutional-grade market data directly into Claude, ChatGPT, Cursor, and other MCP-compatible AI tools. Designed for personal research, portfolio monitoring, and AI-assisted investment workflows.
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